• Macy's, Gap, Nordstrom earnings — What to know in markets Thursday
    Yahoo Finance

    Macy's, Gap, Nordstrom earnings — What to know in markets Thursday

    Several retail heavyweights are gearing up to release quarterly results Thursday. Macy’s will release earnings ahead of the opening bell, while Gap and Nordstrom round things out after the market close.

  • How Apple and Disney are challenging Netflix's binge-watching model
    Yahoo Finance

    How Apple and Disney are challenging Netflix's binge-watching model

    Netflix, once the disruptor on the streaming scene, has become the ultimate incumbent. Now competitors like Apple and Disney are challenging its binge-watching model.

  • Adobe Adds Features to iPad Photoshop App After Early Criticism
    Bloomberg

    Adobe Adds Features to iPad Photoshop App After Early Criticism

    (Bloomberg) -- Adobe Inc. said new features are coming to its Photoshop for iPad application, responding to criticism that the first version lacked basic functions users expected would be retained from the desktop model of the best-selling image-editing software.The company said Thursday that before the end of the year it would add a Select Subject mode, which uses artificial intelligence to automatically identify and select a subject in an image, and an upgraded version of the Cloud documents function, which synchronizes Photoshop files between the desktop and iPad apps. In the first half of 2020, Photoshop for iPad will get support for Curves, which adjusts the color of an image, and improvements to layers, brush sensitivity, the ability to rotate the canvas and integration with the Lightroom app, the company said in a blog post.Adobe didn’t address other missing elements that users have complained about, including RAW image editing and smart objects. Bloomberg News reported earlier this year that beta testers of Photoshop for iPad said the app was far more watered down than expected.Earlier this month, Scott Belsky, chief product officer of Adobe’s Creative Cloud division, tweeted about the “painful” early reviews for a product his team has worked on for years. Right now in Apple’s App Store, Photoshop for iPad has a user review rating of two of five stars.Adobe is trying to move its most successful software franchises to mobile devices as a way to boost revenue and maintain its stature as the world’s largest maker of creative software. The San Jose, California-based company also recently said it will bring Illustrator to the iPad in 2020.While the apps cater to creative professionals seeking the ability to work on the go, Adobe also is trying to expand the appeal of its photo-editing and illustration software to hobbyists.To contact the reporters on this story: Mark Gurman in San Francisco at mgurman1@bloomberg.net;Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Andrew Pollack, Mark MilianFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Buffett is Buying Energy and Retail: Should You?
    Zacks

    Buffett is Buying Energy and Retail: Should You?

    Do you have the guts to dive into the two most hated industries on the Street?

  • Macy's (M) Q3 Earnings Top Estimates, Stock Falls on View Cut
    Zacks

    Macy's (M) Q3 Earnings Top Estimates, Stock Falls on View Cut

    Macy's (M) third-quarter comparable sales fall after seven straight quarters of growth. Also, management trims fiscal sales and earnings guidance.

  • Things to Know Before DICK'S Sporting's (DKS) Q3 Earnings
    Zacks

    Things to Know Before DICK'S Sporting's (DKS) Q3 Earnings

    DICK'S Sporting's (DKS) Q3 performance is likely to have benefited from omni-channel efforts and merchandising strategy. However, higher costs are deterrents.

  • HP (HPQ) to Post Q4 Earnings: What's in Store for the Stock?
    Zacks

    HP (HPQ) to Post Q4 Earnings: What's in Store for the Stock?

    HP's (HPQ) fourth-quarter fiscal 2019 results are likely to reflect high demand in the commercial PC market. However, weakness in the Printing business might have posed a threat to the stock.

  • Momo (MOMO) to Report Q3 Earnings: What's in the Cards?
    Zacks

    Momo (MOMO) to Report Q3 Earnings: What's in the Cards?

    Momo's (MOMO) third-quarter 2019 core metrics are likely to have witnessed a rebound, including the number of active users and paying subscribers.

  • Has Burlington Stores (BURL) Outpaced Other Retail-Wholesale Stocks This Year?
    Zacks

    Has Burlington Stores (BURL) Outpaced Other Retail-Wholesale Stocks This Year?

    Is (BURL) Outperforming Other Retail-Wholesale Stocks This Year?

  • Why Is Centene (CNC) Up 22.9% Since Last Earnings Report?
    Zacks

    Why Is Centene (CNC) Up 22.9% Since Last Earnings Report?

    Centene (CNC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • The Zacks Industry Rank Highlights: Burlington Stores, Costco and Dollar General
    Zacks

    The Zacks Industry Rank Highlights: Burlington Stores, Costco and Dollar General

    The Zacks Industry Rank Highlights: Burlington Stores, Costco and Dollar General

  • Bull of the Day: Applied Materials, Inc. (AMAT)
    Zacks

    Bull of the Day: Applied Materials, Inc. (AMAT)

    Bull of the Day: Applied Materials, Inc. (AMAT)

  • Bill Gates Says Open Research Beats Erecting Borders in AI
    Bloomberg

    Bill Gates Says Open Research Beats Erecting Borders in AI

    (Bloomberg) -- Microsoft Corp. co-founder Bill Gates spoke out against protectionism in technological research around topics like artificial intelligence, arguing that open systems will inevitably win out over closed ones.In conversation with Bloomberg News editor-in-chief John Micklethwait at the New Economy Forum in Beijing on Thursday, Gates was skeptical about the idea that ongoing U.S.-China trade tensions could ever lead to a bifurcated system of two internets and two mutually exclusive strands of tech research and development. “It just doesn’t work that way,” said the software pioneer.“AI is very hard to put back in the bottle,” Gates said, and “whoever has an open system will get massively ahead” by virtue of being able to integrate more insights from more sources. Citing Microsoft’s AI research in Beijing, Gates pondered the rhetorical question of whether it was producing Chinese AI or American AI. In the case of Microsoft’s U.K. research campus in Cambridge and the findings it produces, he said that “almost every one of those papers is going to have some Chinese names on it, some European names on it and some Americans’ names on it.”China and the U.S. are the two leading AI superpowers that have dominated research, however cooling political relations between them have slowed the international collaboration that underpins innovation. Huawei Technologies Co., Beijing’s tech champion, has been subject to a variety of sanctions from Washington, in part because China’s rapid AI development is perceived as a rising threat.Gates said he was more worried today than five years ago about the rise of nationalist and protectionist political tendencies across the globe, and that he now wonders whether that will prove a cyclical trend or a more permanent change. Still, as far as the U.S. and China were concerned, he said he’s “even more passionate about the value of engagement than ever.”The other key takeaways from the talk:Gates said there’s “no doubt” solar and wind are key parts of a new energy mix needed to battle climate change. “Quite a bit of nuclear” may be required to fill in for fossil fuels as we move to zero carbon.But he doubts a carbon tax would be realistic in the U.S. Republicans have largely sworn off the idea and, by and large, he said, Democrats aren’t pushing it as a key priority, either.The ability of political leaders to convince their electorates of the benefits and value of globalization has “gone down,” said Gates.The New Economy Forum is being organized by Bloomberg Media Group, a division of Bloomberg LP, the parent company of Bloomberg News.To contact the reporters on this story: Vlad Savov in Tokyo at vsavov5@bloomberg.net;John Micklethwait in New York at micklethwait@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Colum Murphy, James MaygerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Kissinger Says U.S. and China in ‘Foothills of a Cold War’
    Bloomberg

    Kissinger Says U.S. and China in ‘Foothills of a Cold War’

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Former U.S. Secretary of State Henry Kissinger said the U.S. and China were in the “foothills of a Cold War,” and warned that the conflict could be worse than World War I if left to run unconstrained.“That makes it, in my view, especially important that a period of relative tension be followed by an explicit effort to understand what the political causes are and a commitment by both sides to try to overcome those,” Kissinger told a session of the New Economy Forum. “It is far from being too late for that, because we are still in the foothills of a cold war.”Kissinger said China and the U.S. were countries of a magnitude exceeding that of the Soviet Union and America, and that the world’s two largest economies, who are locked in a protracted trade war, “are bound to step on each other’s toes all over the world, in the sense of being conscious of the purposes of the other.”Solomon on 1MDB, Kissinger Warns on China-U.S. Ties: Live at NEF“So a discussion of our mutual purposes and an attempt to limit the impact of conflict seems to me essential,” he said. “If conflict is is permitted to run unconstrained the outcome could be even worse than it was in Europe. World War 1 broke out because a relatively minor crisis could not be mastered.”Kissinger, 96, said he hoped trade negotiations would provide an opening to political discussions between the two countries.“Everybody knows that trade negotiations, which I hope will succeed and whose success I support, can only be a small beginning to a political discussion that I hope will take place,” he said.QuickTake: How U.S.-China Tech Rivalry Looks Like Cold War 2.0Kissinger spoke hours after Chinese Vice President Wang Qishan addressed the NEF, saying his country was committed to peace and would follow through on policy changes despite facing challenges at home and abroad.“Between war and peace, the Chinese people firmly choose peace. Humanity cherishes peace,” he said. “We should abandon the zero-sum thinking and cold war mentality.”The U.S. and China are trying to assemble a partial trade agreement amid wider tensions ranging from human rights concerns over pro-democracy protests in Hong Kong and the detention of Muslims in China’s Xinjiang region to strategic competition in the South China Sea. Kissinger said he thought a solution to the unrest in Hong Kong was possible, if not likely, and that he hoped it would be resolved via negotiation.The New Economy Forum is being organized by Bloomberg Media Group, a division of Bloomberg LP, the parent company of Bloomberg News. Other guests include Microsoft Corp. founder Bill Gates and former U.S. Treasury Secretary Hank Paulson.\--With assistance from Shelly Banjo.To contact Bloomberg News staff for this story: James Mayger in Beijing at jmayger@bloomberg.net;Peter Martin in Beijing at pmartin138@bloomberg.netTo contact the editors responsible for this story: Brendan Scott at bscott66@bloomberg.net, Karen Leigh, Daniel Ten KateFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Sony in Talks to Buy Stake in Ambani’s TV Network
    Bloomberg

    Sony in Talks to Buy Stake in Ambani’s TV Network

    (Bloomberg) -- Sony Corp. is in talks to acquire a stake in the Indian television network controlled by billionaire Mukesh Ambani, as the Japanese giant seeks to tap booming demand for content in the South Asian nation, according to people familiar with the matter.The Tokyo-based company is currently conducting due diligence on Ambani’s Network18 Media & Investments Ltd. before any possible offer, the people said, asking not to be named as the information is not public. Sony is considering several potential deal structures, including a bid for the company or a merger of its own Indian business with Network18’s entertainment channels, one of the people said.Talks are at a preliminary stage and may not result in a transaction, the people said. Shares of Network18 surged as much as 19% in Mumbai on Thursday, while unit TV18 Broadcast Ltd. jumped 9.7%.While a successful deal may help Sony bolster its local offerings and take on upstart rivals such as Netflix Inc., it will give Ambani access to international content. The Indian tycoon’s wireless carrier, Reliance Jio Infocomm Ltd., has spent almost $50 billion in the past few years on its network to disrupt India’s telecommunications industry and has been luring users by offering local and overseas programming.“Our company evaluates various opportunities on an ongoing basis,” a spokesman for Ambani’s Reliance Industries Ltd., said in an email, declining to comment further. Representatives for Sony in India and Japan didn’t immediately respond to requests for comments.The talks come at a time when competition is heating up for paying viewers in a potentially lucrative market with more than half a billion smartphone users. Streaming companies such as Netflix to Amazon.com Inc. Prime are increasingly offering programs created locally to lure subscribers. Ambani’s Jio, while having the technology platform, is limited by the paucity of content it can stream, making such a deal with Sony crucial.“India is a massive OTT market, and any international OTT play will need to bolster its local strategy,” said Utkarsh Sinha, managing director at Bexley Advisors, a boutique firm in Mumbai, referring to over-the-top or streaming media services. “More partnerships or strategic alliances like this are likely in the next year or so.”Inside the Most Watched YouTube Channel in the WorldReliance Industries, the oil-to-petrochemicals conglomerate, unveiled plans last month to set up a digital-services holding company to fulfill the mogul’s ambitions for an e-commerce platform aimed at taking on the likes of Amazon.com and Walmart Inc.’s Flipkart Online Services Pvt.Sony operates in the South Asian country through Sony Pictures Networks India, which has a bouquet of channels including Sony Entertainment Television, reaching over 700 million viewers in India.TV18 Broadcast owns and operates 56 channels in India spanning news and entertainment. It also caters to the global Indian diaspora through 16 international channels.(Updates with analyst’s comment in seventh paragraph)To contact the reporters on this story: Baiju Kalesh in Mumbai at bkalesh@bloomberg.net;Anto Antony in Mumbai at aantony1@bloomberg.net;P R Sanjai in Mumbai at psanjai@bloomberg.netTo contact the editors responsible for this story: Fion Li at fli59@bloomberg.net, ;Sam Nagarajan at samnagarajan@bloomberg.net, Arijit GhoshFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Investing.com

    Top 5 Things to Know in the Market on Thursday

    1\. China talks tough on HK, underlining trade impasse

  • Financial Times

    Hiring more ‘neurodiverse’ workers can pay dividends

    Until last October, 28-year-old Carl Nielsen was struggling to stay employed as a coffee shop barista. Nielsen is now working at the Newcastle office of EY after a manager keen on hiring autistic staff became aware of him as part of a recruitment programme the accounting firm has launched to increase what it calls “neurodiversity” in its workforce.

  • China Committed to Peace Despite Challenges, Vice President Says
    Bloomberg

    China Committed to Peace Despite Challenges, Vice President Says

    (Bloomberg) -- A top deputy to Chinese President Xi Jinping reaffirmed China’s commitment to market-based economic reforms, while warning that the international order “was under attack.”Vice President Wang Qishan, who’s one of China’s best known economic reformers, told Bloomberg’s New Economy Forum on Thursday that the country would follow through on policy changes despite facing serious challenges at home and aboard. He said the country would continue to let the market play a “decisive role” in the allocation for resources and stick to the path of peaceful development.“Between war and peace, the Chinese people firmly choose peace. Humanity cherishes peace,” Wang said in his keynote address in Beijing. “We should abandon the zero-sum thinking and cold war mentality.”The New Economy Forum is being organized by Bloomberg Media Group, a division of Bloomberg LP, the parent company of Bloomberg News. Other guests include Microsoft Corp. founder Bill Gates, former U.S. Treasury Secretary Hank Paulson and former U.S. Secretary of State Henry Kissinger.Wang’s speech comes as the U.S. and China work to assemble a partial trade agreement, even as broader tensions mount in the U.S.-China relationship from human rights concerns over Hong Kong and the western region of Xinjiang to strategic competition in the South China Sea. The sides are making progress in key areas, according to people close to the talks, even as concerns grow that efforts to nail down the first phase of a broader deal are stalling.U.S. President Donald Trump is expected to sign legislation passed by Congress supporting the Hong Kong protesters, a person familiar said, after the bill was approved unanimously by the Senate on Tuesday and passed the House 417-1 on Wednesday.Trump -- facing an impeachment inquiry at home -- may seek a political win by reaching a trade deal with China. Policy makers in Beijing face their own troubles with a slowing economy at home, as well as factory-price deflation, a fragile financial system and spiraling food costs in the wake of a catastrophic disease epidemic among the nation’s pig herd.“Development must be balanced and inclusive,” Wang said Thursday. “We need to work together to make economic globalization work for all people across the world.”Wang struck a less confrontational tone than when he addressed the same forum last year in Singapore as trade tensions were at a crescendo. In his remarks last year, he both reaffirmed China’s desire to move forward with trade talks and warned that his country wouldn’t again be “bullied and oppressed” by foreign powers.\--With assistance from Dandan Li and Tian Ying.To contact Bloomberg News staff for this story: Peter Martin in Beijing at pmartin138@bloomberg.net;Miao Han in Beijing at mhan22@bloomberg.netTo contact the editors responsible for this story: Brendan Scott at bscott66@bloomberg.net, Sharon ChenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Microsoft to Drive Digital Overhaul of Oil & Gas Enterprises
    Zacks

    Microsoft to Drive Digital Overhaul of Oil & Gas Enterprises

    Microsoft (MSFT) teams up with Baker Hughes (BKR) and C3.ai, to enable oil and gas enterprises with digital transformation.

  • Bill Gates Touts Benefits of Open Research in AI
    Bloomberg

    Bill Gates Touts Benefits of Open Research in AI

    Nov.21 -- Microsoft Corp. co-founder Bill Gates discussed protectionism in technological research around topics like artificial intelligence. Gates argued that open systems will inevitably win out over closed ones. He speaks with John Micklethwait at Bloomberg's New Economy Forum in Beijing.